RIV Capital Inc. ("RIV Capital" or the "Company") (TSX: RIV) (OTC: CNPOF) today announced that it has closed an agreement with The Tweed Tree Lot Inc. ("TTL"), a subsidiary of Canopy Growth Corporation ("Canopy Growth"), to sell a property located in Fredericton, New Brunswick in exchange for a cash payment of $4 million.
/PRNewswire/ - RIV Capital Inc. (the "Company" or "RIV Capital") (TSX: RIV) (OTC: CNPOF) will report its financial results for the fourth quarter and fiscal.
PharmHouse Signs Asset Purchase Agreement
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RIV Capital or the
Company ) today announced that PharmHouse Inc. (
PharmHouse ) has, as a result of its sale and investment solicitation process led by BMO Capital Markets, entered into a binding asset purchase agreement (the
Agreement ) to sell various operating assets including its facility and certain equipment located at the facility. The Agreement is conditional on approval by the Ontario Superior Court of Justice in PharmHouse s proceedings under the
Companies Creditors Arrangement Act. PharmHouse is seeking to obtain such approval in the near future.
Based on the terms of the Agreement, the Company does not anticipate any material changes to the PharmHouse Recoverability Assessment presented in its condensed interim consolidated financial statements for the three and nine months ended December 31, 2020 available on the Company s profile on SEDAR at www.sedar.com.